February 29, 2012

Petronas Chemical Group - Return of the growth machine

Stock Name: PCHEM
Company Name: PETRONAS CHEMICALS GROUP BHD
Research House: CIMBPrice Call: BUYTarget Price: 7.90




Target RM7.90

The gas supply shortfall and heavy maintenance schedule that eroded PChem's FY11 earnings should not feature much in FY12. This, together with cheap gas feedstock, will lead to strong earnings growth in FY12.


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